Personal loan calculator for Saudi Arabia 2026

Repayment schedule

How the calculation works

• Flat rate: profit is charged on the full amount for the whole term, even as you repay it. Personal loans are usually advertised this way.
• APR: the annual percentage rate is the true yearly cost on the reducing balance, including fees. Compare offers on APR, not on the flat rate.
• Salary deduction cap: your instalments together may not exceed a set share of your salary, and the term has a legal maximum. These two limits set the most you can borrow.

Islamic banks call the bank's return "profit" rather than interest; the arithmetic is the same.

Personal finance rules in Saudi Arabia

• The instalment deducted from salary may not exceed 33.33% of gross salary for employees and 25% for retirees.
• Total non-mortgage obligations may not exceed 45% of monthly income for those earning up to 24,999 riyals.
• The maximum term for consumer finance is 5 years (60 months), except for mortgages and credit cards.
• The annual percentage rate (APR) must be disclosed in adverts, offers and contracts.
• Early repayment: On early repayment, profit for the remaining term is not charged, and the lender may collect a reinvestment cost of up to 3 months' profit on the declining balance.
• Policy rate: The Saudi Central Bank raised the repo rate to 4.5% on 16 September 2026 (secondary source).

Sources

1. Saudi Central Bank: Responsible Lending Principles for Individuals (Circular 46538/99)
2. Saudi Central Bank: raising the maximum mortgage financing to 90% for a first home (Circular 391000048362)
3. Saudi Central Bank: Consumer Finance Regulations, Article 11 (early repayment)
4. Saudi Central Bank: early repayment guide
5. Saudi Central Bank: rules for calculating the annual percentage rate

Related calculators

Results are estimates for information only. Banks set their own rates and fees within these rules, so check the offer you receive.